BusinessNewsAPI
GameStop Is Offering to Buy eBay for $56 Billion, CEO Ryan Cohen Says - WSJ
Overview
Ryan Cohen offered about $56 billion—$125 per share—to buy eBay with the stated aim of making the marketplace a stronger competitor to Amazon. eBay's board rejected the unsolicited proposal, calling it "neither credible nor attractive," and raised concerns about how the purchase would be funded. Cohen's remark that he "isn't passionate" about GameStop has added to questions about his motives and the bid's practicality.
Entities
ORGThe Wall Street JournalORGAmazonORGWSJORGGameStopeBay
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